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VVC Exploration Announces A Brokered Private Placement |
March 26, 2011
TORONTO, ONTARIO--(Marketwire - March 25, 2011) - VVC EXPLORATION CORPORATION (TSX VENTURE:VVC)(FRANKFURT:V7S) ("VVC" or the "Company") is pleased to announce that it intends to raise up to $770,000 in a brokered "best efforts" private placement of units of the Company ("Units") at a price of $0.07 per Unit. Each Unit consists of one common share and one common share purchase warrant (a "Warrant") of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for a period of one year following the closing of the offering. The proceeds from the offering will be used for exploration on the Corporation's mineral properties in Mexico and Canada, in particular the Cumeral Property in Mexico, property option payments, current accounts payable, current general administrative expenses, the cost of issue and for working capital.
http://www.marketwire.com/mw/release.do?id=1417941&sourceType=3
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